Chip stocks generally rise; TSMC(TSM.US) increases nearly 5%

2026-02-19 05:04:48

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On Wednesday, chip stocks generally rose, with TSMC (TSM.US) up nearly 5%, reaching a new all-time high; Intel (INTC.US) up over 4%, and Nvidia (NVDA.US) up more than 1%.

Data shows that TSMC’s January revenue was 401.26 billion New Taiwan Dollars (approximately $12.71 billion), a year-over-year increase of 36.8%, and a 19.8% increase compared to December 2025. This is the company’s strongest single-month revenue ever and the first time its monthly revenue has exceeded 400 billion New Taiwan Dollars.

U.S. banks stated that TSMC’s board recently approved a capital expenditure plan of up to $45 billion, showing a highly structured focus, with funds mainly allocated to advanced front-end manufacturing processes and large-scale wafer plant infrastructure development. Analyst Haas Liu from the bank gave TSMC stock a “Buy” rating with a target price of 2,360 New Taiwan Dollars.

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